Frank Curzio is the portfolio manager of Stocks Under $10, and he'll tell you what you need to know about Bank of America.

Frank Curzio is the portfolio manager of Stocks Under $10, and he shows you how to profit off of fear and forced selling. Watch his video on whether to buy Bank of America ( BAC).

Big News of the Week

Tim Geithner unveils details of the government bailout plan and outlines regulations for financial institutions and derivatives. President Obama meets with top executives from big banks. Federal Reserve buys up $300 billion in government debt. SEC could reinstate the uptick rule.

Bank of America's CEO, Ken Lewis, promised the company would begin paying back its $45 billion TARP loan starting next month. Also, the company is mulling layoffs as it integrates the merger of Merrill Lynch. Moody's also cut BofA's senior debt rating to A2 from A1.

General Electric ( GE) shareholders are suing the company over its recent dividend cut. Moody's downgraded the stock to stable and slashed its credit rating. The company won a $300 million contract to work on a natural gas pipeline in China.

The AIG ( AIG) bonus outrage continues. Jake DeSantis, an executive vice president, defended his bonus in a public resignation letter in The New York Times. DeSantis will donate his entire bonus to charity.

General Motors ( GM) can expect additional aid from the government if it restructures its business. Approximately 7,500 hourly workers will take a buyout package. The company also announced 160 white-collar layoffs.

The Week Ahead

Non-farm payroll report will come out Friday. The long awaited G-20 meeting will begin April 2 in London. Investors are looking for solid solutions to combat the global financial crisis.